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If I buy Twitter the board compensation will be Zero Elon Musk says
Elon Musk, the entrepreneur, said on Twitter on April 18 (Local Time) that if he is successful in acquiring the firm, he will reduce the board’s compensation to $0. “If my proposal wins, the board compensation will be $0, so that’s $3 million per year saved right there,” he remarked. Musk was responding to Gary Black of The Future Fund LLC, who claimed that the board’s refusal to accept Musk’s offer was due to the company’s large yearly compensation, which ranges from $250,000 to $300,000 per board member. The board of directors, in particular, owns almost no ownership in the corporation.
Musk had enlisted Jack’s help in responding to another tweet, in which a Twitter user named Chris Bakke pointed out that the board members hold practically no ownership in the firm. “Wow, the Twitter board collectively holds no shares now that Jack has left!” Musk commented. Their economic interests are not, objectively, linked with those of shareholders.”
Twitter’s creator, Jack Dorsey, has been known to send out cryptic notes now and then. He backed a tweet that said, “Excellent boards don’t make good companies, but a terrible board will destroy a firm every time,” in a recent post. It’s widely assumed that Jack made a joke at Twitter’s current board of directors. He was fired as CEO in 2008. Jack also intends to step down from the board before the end of the year.
“If you dig into the history of the Twitter board, it’s fascinating since I was a witness to its early beginnings, embroiled in conspiracies and coups, and notably amongst Twitter’s original members,” he said in response to a remark on his endorsement. “It’s continuously been the company’s problem,” Jack said, “and I wish it could be made into a Hollywood drama one day.”
Musk’s coworkers have rallied around him. Poison medications should be made illegal, according to David Sacks, a South African entrepreneur and Musk’s partner at X.com. “Every firm led by a bad management team should be on the table,” he stated.
Elon Musk’s plan to take over Twitter
Elon Musk recently offered to buy Twitter and turn it into a private company. He said that the firm had a lot of potential and that he could assist Twitter in making greater use of it. The Twitter Board, on the other hand, declined the offer and chose the Poison Pill instead. It’s worth noting that, even with the Poison Pill in place, the Twitter Board will not be able to prevent Musk from acquiring the firm.
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40,000 NMMC School Students Await Uniforms as Contractor Misses Deadline
Navi Mumbai civic body extends delivery deadline to August 15 for Mafatlal Industries, imposing week-by-week financial penalties.
The Deadline
Over 40,000 primary and secondary students enrolled in Navi Mumbai Municipal Corporation (NMMC) civic schools remain without their new uniforms, following significant delays by the designated contractor.
The civic body had awarded a Rs 13.33 crore contract to M/s Mafatlal Industries Limited to supply regular, sports, and Scout/Guide uniforms to 50,550 students ranging from Balwadi to Class 10. Despite receiving the work order on May 8 with a strict delivery deadline of July 15, the contractor managed to supply complete sets to only around 8,000 students by the target date. As a result, thousands of children are currently forced to attend classes in old uniforms or home clothes.
Following show-cause notices issued on July 10 and July 21, the civic administration granted an official extension until August 15. However, the delay comes with financial consequences for the supplier. In accordance with contract terms, NMMC will deduct progressive penalties from the final payment ranging from 0.5% for the first week of delay up to 2.0% for subsequent weeks.
NMMC Deputy Education Commissioner Sanghratna Khillare confirmed that the decision to extend the deadline was taken after high-level discussions with civic authorities, emphasizing that penalty deductions will be strictly enforced as per municipal rules to ensure full delivery before mid-August.
Latest News
Deep Potholes Turn Kharghar Stretch into Hazardous Accident Zone
Frustrated residents call out PCMC inaction as hidden craters under waterlogged roads trigger collisions and severe commuter delay.
The Potholes
Growing public outrage has erupted across Kharghar as deep, crater-like potholes and poor drainage have converted key internal corridors into severe accident hazards. Monsoon rains have left several vital stretches particularly those serving Sectors 2 through 36 and connecting high-footfall destinations like Central Park, ISKCON Temple, and the Tata Memorial/ACTREC facility in a state of absolute disrepair.
Submerged under rainwater, the hidden potholes pose an invisible trap for two-wheeler riders and daily commuters. Frequent incidents of motorists skidding, losing balance, and crashing into deep depressions have been reported. The situation is further compounded by heavy commercial vehicles making sudden, erratic maneuvers to dodge the craters, causing minor rear-end collisions and massive traffic bottlenecks during peak commuting hours.
Local residents and civic activists have strongly criticized the Panvel City Municipal Corporation (PCMC) for its inaction. Frustrated tax-paying citizens point out that recurring temporary patch-ups dissolve within weeks of heavy downpours, reflecting a lack of quality control in municipal road maintenance contracts.
Demanding immediate accountability, community members have urged civic authorities to deploy emergency road repair teams, clear clogged storm-water drains, and execute comprehensive quality audits on recent infrastructure works before major casualties occur.
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Pothole-Riddled Highways Threaten Commuters and Airport Route in Navi Mumbai
Despite millions spent on annual maintenance, heavy rains expose crumbling infrastructure across major arteries like Sion-Panvel and Ulwe-Belapur roads.
The Potholes
A wave of public anger has erupted across Navi Mumbai as relentless monsoon rains have turned major highways into dangerous, pothole-riddled stretches. Key routes connecting Mumbai, Thane, Raigad, and the JNPA port are seeing severe traffic bottlenecks and frequent accidents.
The situation is particularly critical along the Ulwe-Belapur road, the primary arterial route for the Navi Mumbai International Airport. Deep craters and heavy waterlogging have made travel hazardous for both domestic and international commuters. The safety risks were highlighted recently when a heavy container truck overturned on the Ulwe-Belapur stretch, causing massive gridlock on both sides of the corridor.
Other vital thoroughfares, including the Sion-Panvel Highway and the Thane-Belapur road, are equally affected. Key flyovers at Kharghar and Turbhe, along with the main entry stretch from Airoli Toll Plaza, have developed large, hidden craters beneath accumulated rainwater. Daily commuters and two-wheeler riders face constant hazards as vehicles lose balance during sudden braking.
Frustrated residents have raised sharp questions over civic accountability, noting that temporary patch-ups wash away annually despite substantial maintenance budgets. Addressing the mounting criticism, National Highways Authority of India (NHAI) officials stated that repair work is currently underway on a war footing, promising long-term, modern road infrastructure upgrades to match the international airport’s requirements.
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